DEVELOPMENT OF THE DIGITAL ECONOMY IN THE REPUBLIC OF KOREA, THE PEOPLE'S REPUBLIC OF CHINA AND RUSSIA

L. G. Belova (), Yujong Kim () and Liu Zhongyao ()
Authors registered in the RePEc Author Service: Белова Людмила Георгиевна

International Trade and Trade Policy, 2023, vol. 9, issue 2

Abstract: Â Â The article compares the levels of development of the digital economy of the Republic of Korea, China and Russia. The subject of the study is the strategies and mechanisms for the development of CE in each of the countries under consideration. The Republic of Korea and the People's Republic of China are leading in the digital economy thanks to the development of high technologies and can become an example for activating the construction of the digital economy in Russia, which means implementing the goals of the state Program "Digital Economy of the Russian Federation". The conclusions about the role of the digital economy in improving the international competitiveness and well-being of the population of the studied countries are substantiated. Based on the results presented in the article of the study of the dynamics, trends and directions of the development of the digital economy in each of the countries under consideration, the authors formulated recommendations for the development of the digital economy and digital infrastructure in Russia. In the context of knowledge interpreted as aproduction factor of the digital economy, Russia has competitive advantages in the field of education and training, but in the context of market factors of the digital economy, Russia is significantly inferior to the Republic of Korea and China. The authors believe that for the development of the Russian digital economy, it is necessary to modernize the traditional Russian infrastructure and form a digital infrastructure. Federal projects have been developed in the areas of the National Program "Digital Economy of the Russian Federation", including a project in the field of information infrastructure. The authors of this article recommend adapting the positive experience of Korea and China in order to accelerate the development of the Russian digital economy and develop digital cooperation with the countries of Northeast Asia. According to the authors of the article, this will have a positive impact on the development of the digital economy and digital infrastructure of Russia in order to increase the international competitiveness of our country and the welfare of the Russian people.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2023:id:596

DOI: 10.21686/2410-7395-2023-2-5-21

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